Papua New Guinea must get its public finances back on track if the country is to avoid macroeconomic instability and wasted resource revenues. Presenting agreeable numbers is not enough; there must be sufficient political buy-in to deliver these plans.
If it’s going to proceed with it, the government would do well to announce specific plans for the Sovereign Wealth Fund before the year is out. There are still too many loose ends to be tied up, and the government’s plans remain unclear, writes Mark Evans.
6 months into 2014, the government appears to have fallen short in sticking to its budget plans. What we see is a government struggling to play by its own fiscal rules or to deliver on its own budget plans. It’s not obvious how long the country can safely continue down this path, writes Mark Evans.
With financial constraints tightening around the PNG treasury, credibility has become the government's most important commodity. Vague reassurances are unlikely to assuage fears, so it is in government’s own interest to begin communicating the evidence, writes Mark Evans.
In the messy world of policy delivery, identifying vulnerability remains easier than building resilience, writes Mark Evans. A research on household vulnerability in the Solomon Islands and Vanuatu offers up insights on what governments can actually do to build resilience.
The future is looking uncertain for Samoa’s largest private employer